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Real Estate Prices & Overview

Patterson Park / Shroyer Park median real estate price is $189,505, which is more expensive than 42.3% of the neighborhoods in Ohio and 20.8% of the neighborhoods in the U.S.

The average rental price in Patterson Park / Shroyer Park is currently $1,305, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 55.9% of Ohio neighborhoods.

Patterson Park / Shroyer Park is an urban neighborhood (based on population density) located in Dayton, Ohio.

Patterson Park / Shroyer Park real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Patterson Park / Shroyer Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Patterson Park / Shroyer Park are 3.5%, which is lower than one will find in 77.0% of American neighborhoods. Demand for real estate in Patterson Park / Shroyer Park is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

NeighborhoodScout's analysis shows that the Patterson Park / Shroyer Park neighborhood has a greater concentration of residents currently enrolled in college than 96.9% of the neighborhoods in the U.S. With 15.0% of the population here attending college, this is very much a college-focused neighborhood.

In addition, patterson Park / Shroyer Park is ranked among the top 6.3% of neighborhoods for first-time home buyers to consider in the state of Ohio according to NeighborhoodScout's exclusive analysis. Homes here are priced below median housing values in the state, yet maintain moderate appreciation rates compared to other communities. Buying into the Patterson Park / Shroyer Park neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers. In addition to being an excellent choice for first-time home buyers, this neighborhood is also a very good choice for college students.

Diversity

Did you know that the Patterson Park / Shroyer Park neighborhood has more Lebanese and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.3% of this neighborhood's residents have Lebanese ancestry and 2.0% have Hungarian ancestry.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the Patterson Park / Shroyer Park neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 96.4% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Patterson Park / Shroyer Park neighborhood in Dayton are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 86.1% of U.S. neighborhoods. With 33.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 84.5% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Patterson Park / Shroyer Park neighborhood, 49.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 35.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (8.6%), and 6.8% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Patterson Park / Shroyer Park neighborhood is English, spoken by 88.2% of households. Some people also speak Polish (2.6%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Patterson Park / Shroyer Park neighborhood in Dayton, OH, residents most commonly identify their ethnicity or ancestry as German (34.1%). There are also a number of people of Irish ancestry (19.4%), and residents who report English roots (10.2%), and some of the residents are also of Asian ancestry (8.4%), along with some Italian ancestry residents (7.1%), among others. In addition, 10.9% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Patterson Park / Shroyer Park neighborhood spend between 15 and 30 minutes commuting one-way to work (42.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (74.4%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (6.7%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


Real Estate includes:
Average Home Values
Rental Market
Housing Market Details
Neighborhood Setting
Economics & Demographics include:
Lifestyle & Special Character
Household Types
Commute To Work
Migration & Mobility
Race & Ethnic Diversity
Employment Industries & Occupations
Income & Unemployment Rate
Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
Violent Crime Comparison
Schools include:
School Ratings
Schools In District
Public School Test Scores
School District Enrollment
Educational Expenditures

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